Report Garment exporters should focus on high-value apparel items to bolster the industry’s export growth, said Md Jashim Uddin, President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently.
“The prices of raw materials are constantly rising. So, in order to continue the industry’s growth, exporters must now focus on high-value garments,” Jashim said. Despite being the second-largest exporter of garments, Bangladesh mainly exports relatively cheap items.
Jashim was speaking at the first meeting of the standing committee on readymade garments, knitwear and sweaters of the FBCCI at its office in Dhaka. He also urged the entrepreneurs of the garments and textile industries to diversify their investments to improve the situation.
The FBCCI President said most entrepreneurs are interested in investing in the cotton-based garment and spinning sectors. But now the demand for manmade fibre clothing is increasing in the world market, and the price is also higher, he added. Jashim also urged the entrepreneurs in the garments and textile sectors to invest in the man-made fibre sector.
